Wall Street closes week with small min, Yellen gives no direction – z24

Wall Street closes week with small min, Yellen gives no direction – z24

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The stock market indicators on Wall Street Friday predominantly closed with small losses

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Investors look sharp on the speeches by Fed President Janet Yellen and its counterpart of the ECB, Mario Draghi, at the conference of central bankers in Jackson Hole. Eventually gave speeches but little news on the markets.

The Dow Jones Index ended with a loss of 0.2 percent in the red at 17001.22 points. The S & amp; P 500 dropped 0.2 percent, to 1988.41 points. Technology Graadmeter Nasdaq 0.1 percent to 4538.55 points.

Speech Yellen

Fed President Yellen gave in her speech, lack of clarity about when interest rates in the United States will be increased. She pointed to the sharp fall in unemployment in the United States, on the one hand but also indicated that difficult to gauge the actual recovery of the labor market. Draghi called the stronger euro countries to do more to help. Recovery of the European economy going However, he gave no new insight into the steps that the ECB itself is considering taking.

Ukraine remains unsettled

In addition to all the attention to Jackson Hole the visor was also focused on Ukraine again. Russia decided to wait to send. Neighboring part of its aid convoy that has long stood at the border with Ukraine earlier in the day The Ukrainian security chief called the border has a direct ,, Russian invasion, “but added that his country will use against the convoy.

Furthermore, no violence, there was little news to give direction to the trade. Athletic Chain Foot Locker was a capital gain of 3 percent rewarded better than expected quarterly results. Clothing chain Gap came Thursday after market close with results and scored more than 5 percent in the plus.

Nike climbs

In the Dow Jones shoes did well. The index of 30 leading fund was co-led by Nike, which was worth 0.5 percent more. Oil companies Exxon Mobil and Chevron were among the biggest losers, with minuses of nearly 1 percent.

The price of a barrel of American oil slumped 0.4 percent to $ 93.62. The euro was worth $ 1.3245 Friday, down from $ 1.3235 at the close of European stock markets earlier in the day.